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to the .. tre's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in less than two years, there's new urgency to questionsbout steps to better protect the region. hari sreenivasan is back with that story, part of our series on "coping with climate change." how are we doing in here? sreenivasan: ronnie forester has been working every day to put his statten island house back together again before christmas. forester's home was elevated but it wasn't high enough to save it from sandy. >> well, my house is six feet off the ground. we have four feet of water on our living floor. so you figure at least ten feet of water from where we stand now. imagine going into your house and everythin
obama is expected to talk about the fiscal cliff any minute now, meeting with middle-class americans whose wallets will be impacted the most if congress fails to reach that deal. we will take you back to the white house as soon as the president begins to speak. that's going to wrap things up with me this hour. see you back here tomorrow at 11:00 eastern time, barring any powerball winnings. joining me ken conrad, former governor bill richardson, ed schultz and then the gre owe's perry bacon, democratic strategist keith boykin and alice stewart. that was the lid of my pen. no big deal. "now" with alex wagner is coming up next. hi, alex. >> hey, thomas. we are waiting on the president and his remarks in the meantime it's a hashtall my 2 k kind of a day as the white house pushes its plans to extend middle-class tax cuts the gop calling out president obama for campaigning while republicans campaign. we will look at the campaign 3.0 with "victory lab" technician and author sasha isenberg. some democrats say it's okay to take a dive. we'll ask senator patty murray why she agrees with that
. and we're all going over the cliff, whether obama gets his way on this particular issue or not. guest: the main thing there was the 47% comment. most of the 47% still pay payroll taxes because they are employed. they pay state and local taxes, sales taxes. and those that do not, they tend to be older. over the course of their lifetime, they paid a lot of federal taxes. and now because they're retired, their income tends to be for the most part the taxed much less. and the rest of them are people who tend to be very, very low income. we are talking about $20,000, $15,000 per household. in terms of a broader statement that was made about whether you have increase in revenues and that just means they will spend more, you do not actually tend to see that over history. if you look at the 1980's, we have a lot of spending and we had tax revenues that were a lot lower. part of that is because of the reagan tax cuts of the 1980's. if you look at the 1990's, you have a lot of tax revenues that went up and spending went down. in the bush years, you have the reverse. if you look at the last thre
reductions now. quick comment? >> obama does not care about a deal. he does not care if we go off the cliff. he just cares that he's not the one who is blamed if and when we do. charles: i agree. finger pointing might win elections but doesn't solve the crisis. that's why america is in a predicament is in. stuart: let's go to nicole. las vegas sands, paying out a dividend? nicole: take a look at las vegas sands. look sat how well the stock is doing here -- look at how well the stock is doing. this is a day where the dow jones industrials are down nearly 50 points, but las vegas sands is up 4%. they are doing the same thing that dillard's is doing, right, another special dividend here. las vegas sands is approving a special dividend of 2.75 a share. this will now obviously be ahead of the fiscal cliff. so dillard's as we talked about earlier in the show which is all-time high, wal-mart, ethan allen, just to name a few trying to get them in before the new year. stuart: we hear it. thank you very much nicole. >>> let's hope president obama's second term does not begin like fdr's. there are alr
that was very premature about the fiscal cliff. we still see little or no movement on a deal. president obama might want higher rates and cap on reductions for more tax revenues. that could be a deal-breaker and the markets won't stand for long while nothing gets wrong. i don't want to be overly pessimistic. i'm trying to be realistic. i'm reporting what i'm hearing. but stocks did rise a bit on news after cease-fire between israel and whhamas. is israel snaf particularly when we know that palestinians and gaza may just rest unand rearm for the next round? >>> finally as you head out into the thanksgiving traffic, ask yourself where president obama still hasn't given the green light to the keystone pipeline that would give us jobs and energy n independence? now a truly bipartisan group of senators is telling the president to make a decision right now. first up this evening, this is the big question. will we get a deal done or might president obama just let us go right over the fiscal cliff, take the recession, and simply blame the gop? this is a serious question that i'm hearing from washingt
. the president -- >> maybe obama ought to make bill clinton the fiscal cliff envoy spent i've heard he did. [laughter] >> this is important. to bridge that sort of standing and staring at each other. take this debt. better internal leadership. secondly, i want to go back to what bob said. we have to be more outward focused. we have given up engaging in africa and around the globe. all the customers are out there. all the income growth is out there. adding those guys helps us in defense issues and other things. we are not doing that now. >> republican support -- >> that may do it. >> so maybe to get it right an outward looking -- >> what would an american renewal agenda be comprised of? >> let's negotiate the first trade agreement in over four years. president obama is the first president not to negotiate a trade agreement. he got through -- >> he didn't negotiate south korea. >> those were negotiated -- >> they were negotiated by the previous administration but the bottom line is we have an opportunity right now in europe and asia to knock down barriers, tariffs and nontariff barriers. ove
". >> president obama is getting serious about the economy. fiscal cliff notes. >> i'm optimistic question can continue to work together. >> it's like congress put a gun to the economy's head. >> i'm so tired of obama putting i gun to the head of the american people. >> and he swore they would pull the tryinger. >> and then republicans saying, oh, what are we going to do? >> they want a divorce from grover near quist. >> an excuse to go to mexico, i'm game. >> what do you mean by impure thoughts. >> the mexican standoff without any mexicans. >> i have job security. >> they can't murder you. they can't burn your house. >> some republicans are abandoning the antitax pledge as fast as they abandoned -- oh, what's his name. >> governor romney, only the two men will be in the room. >> is getting stoned now becoming more acceptable? >> kentucky bluegrass feather beds and northern cal -- >> you know me, every day, ten pound a day. >> you can play 36 holes on it in the afternoon, take it home and just get stoned. >> it supposedly makes you lazy, tired andle ette ar gwynn gik. >> a impig bob marley joi
. thank you. still ahead of fiscal cliff mess just got messier. how president obama responded to john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best place to invest it? buying retail stocks for losers next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 50 for $349 a month at your local mercedes-benz dealer. can help make you a better investor. shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better investor at e-trade. gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs which were 50% of. overall sales on black friday are expected to be 4% to $11.5 billion. midnight opening hours are one way traditional stores are doing everythi
weekend. thank you. still ahead of fiscal cliff mess just got messier. how president obama responded to john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best place to invest it? buying retail stocks for losers next. gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs which re 50% of. overall sales on black friday are expected to be 4% to $11.5 billion. midnight opening hours are one way traditional stores are doing everything they can to compete th online retailers which were open all the time. regular source said black friday, have their cybermonday, the monday after thanksgiving. it was a record breaker with half of shopping done that day on work computers. fedex said it would ship a record number of packages this year. how do you make money from this craziness? retailer stocks in the s&p 500 are up 25%, outperforming the overall index. break and mortar versus q or online retailers which is the best ch
understand where obama's in trend and comes from but nothing has changed. >> the issue is in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. republicans saying they're willing to do tax revenue and that could be would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black friday wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. jeff: a few of them but the majority were not wal-mart workers but members of other unions like the teamsters, the uaw, it was built today as a demonstration against the notion of working on thursday on thanksgiving. the day before black friday. but the protest when it came down to it wasn't so much about that. was against walmart's practice of paying minimum-wage, not giving workers enough money in their view and about work rules. that is what the actual protests came down to. it was organized by organizatio called our walmart, the s
of fiscal cliff mess just got messier. how president obama responded to john boehner's latest comments and holiday season rushes on. would you spend your money? where's the best place to invest it? buying retail stocks for losers next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. since ameriprise financial was founded back in 1894, they've been committed to putting clints first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. thheart of a one-to-one relationship. together for your future. ♪ gerri: it was black friday madness all across the country. this was macy's at midnight in new york city. other stores open really liked was r us and best buy, great deals like lc tvs whi
the season. find out which companies ended up on the naughty and nice list. today president obama will be holding a series of meetings with leaders of large corporations to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners on tuesday to talk about the effect on their companies from taxes and other charges. right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. and last night on hardball, former republican senator alan simpson gave his thoughts on the fiscal cliff and failure of lawmakers to reach an agreement. p. >> they love their party more than they love their country. how it we get to that point, don't ask me, but the whole business of reform and money in the campaign and beat up the guy, and it's not a case of who wins. it's you want to be sure somebody loses. and i say to people whether it's grover norquist or whatever, lord's sake, if you can't step up to the plate, what can happen to you? th
, the full-court press of obama voters ramping up to fiscal cliff talks, out with a new report today showing the impact, losing middle class tax cuts and even the thought of it could have on holiday shopping and spending. combine that with the new poll showing the majority of americans, 45%, would blame the gop and congress and not the president if these fiscal cliff talks fail. are we seeing a white house not willing to lose this pr war no matter the outcome of the talks? >> i think you're seeing a gop that has yet to accept the election results, sort of negotiating with themselves about what they will and won't accept without acknowledging the polls you just cited and the other thing is a strong majority actually also wants a deal. they want a compromise, a balanced compromise. as the republicans are negotiating with themselves over here, the administration and the rest of america is kind of in another place and i think the administration rightly so and remember this was an issue when the president was first elected, there were questions about whether or not he would use the power of that
back to steve harrigan as events warrant. president obama taking plans for avoiding fiscal cliff to the voters with a look at his pitch and the response from republicans, next. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. gives you a low national plan premium... so you can focus on what really matters. call humana at 1-800-808-4003. >>shepard: the president will make a public pitch on his plans for dealing with the fiscal cliff. according to the white house the president will make a campaign style appearance on friday at the toy manufacturing plant in pennsylvania. republicans and democrats are working to avoid going over the cliff. the popular term for the combination of spending cuts and tax cut eliminations set to hit at the start of the new year. the president has been pushing congress to preserve the bush era tax rates for the middle class but let them expire for american whose make more than $250,000 a year
. >>> on to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't understand that. i will ask you first, what happened at the meeting? what did you guys talk about and what was the response you got. >> yeah, thanks for having me on. it was anncredible opportunity. it was really fun room. cool to see the energy andnd passion in the room. it was 15 small business owners along with the president and i think he asked us to share our stories and how we got to where we are today. he kind of explained a little bit about his vision for the economy and where he thinks it is going. and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to y
it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six n
news. >> reporter: yes. beautiful. >> thank you. >>> last night on "the ed show," saying he wants obama-care included in talks on the fiscal cliff. he said the courts and american people have already spoken on that subject. >> with regard to the affordable care act, the supreme court, a conservative court at that, has already put its stamp of approval on it. we need to move on. boehner does not want to accept that. i think he is trying to send a message to the tea party he's got something here he wants to continue to fight over. we need to let this go. keep in mind, we voted on this repealing of the act some 37 times already. the american people clearly want it intact. >> now for a look at the national weather, return to nbc meteorologist bill karins. good morning. you're cooking turkey today, right? happy thanksgiving. frs >> yes. my wife will put it in the oven this morning and i will probably get the responsibility for the results. >> dress it up? >> i'm sure if it's really good, she'll take credit. if not, fall on me. the way it goes at my house. >>> good morning, everybody. hope yo
weekend. >>> 38 days now before the fiscal cliff. lawmakers return to work monday trying to cut a deal. if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. pres
overtime on tuesday night. >>> thanks so much. well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases
's posturing or not, you see a lot of sort of swagger coming out of obama in his press conference last week. and democratic leaders saying we're willing to go off the cliff. we are not going to compromise on the tax hikes. they're talking much less about the spending cuts that and also they say would be part of a so-called balanced deal. but i think on some level, republicans realize that they don't have a lot of leverage in this situation. certainly people want to see both taxes and spending. but the republicans that i talked to are a little bit nervous. and you see them also coming out with some tough talk. speaker boehner saying that he even wants to bring health care back into things. but i think republicans realize -- and you see the conciliatory way they're talking about taxes, right? they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and
. read between the lines for us here. the seiu, other labor groups had a meeting with president obama last week. can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it really seemed like revenue was going to be a part of it. they are trying to stick from to the $250,000 threshold of the tax cuts. that is different from what happened in the 2010 lame-duck, when president obama compromised. it seems the approach is different this time. they're not going to cave on revenue. the republicans will really have to make some concessions on revenue in order for democrats to come to the table with any entitlement cuts at all. >> i thought she was very good at sticking to that talking point of prevent -- revenue and remaining firm. at the same time, i thought it was interesting that she never said the president assured us that ultimately he will not make these changes in entitlements. we talked about the cpi concept that was in the talks last year which cut social security benefits. know ultimately what the president will do. he does not report to us. my s
about the idea of going off the fiscal cliff. alan krueger, the chairman of president obama's economic advisers, he spoke about what would happen if we go off this so-called fiscal cliff. in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not averted according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to achieve a deal, a compromise, that everybody has to make tough choices and he remains committed. but this is what he said about social security -- the white house is less interested in tackling the rising costs of social security during the current talks. so that is what is the latest coming out of the white house on the fiscal cliff talks. the two sides not scheduled to meet face to face. as you heard from the prevent of the congressional leaders are the weekend and the two sides separately meeting this week in washington with business leaders and as we said, unions are planning protests on capitol hill. a lot to talk abou
, d.c., the president meeting with corporate executives today discuss that fiscal cliff. scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip last night. her secret, she says, is prioritizing, she referred to green bay packers vince lombardi's three priorities, god, family and the packers. >> for me, it's god, family and yahoo! in that order. >> why the packers comparison? meyer drew up in wasaw, wisconsin. >>> we go back to the summit on highway 17 and check in with bob redell with the wind conditions there. bob, luke soaked? >> reporter: yeah, it's slightly wet up here. we've got a break, that's one thing that chp is pointing out just because the rai
, and the thought of the looming fiscal cliff, author of the amateur, a book on the inside of the obama administration, ed klein. veteran political consultant, and strategist hank shin and goo have you here. starting with you, idea has kit rip just reported that thanksgiving eve, ambassador rice makes herself available to the press, what is she doing? >> trying to get it back, from intelligence services. always the bottom less hole no one can find the answer to, then she'll run away from that as well. lou: it appears, she is trying to maintain or standing as nominee are in hillary clinton's job. >> throw the 30 som dirt someple else. , because what they are saying is we want her. lou: do you think they are pushing through despite all of the warnings? >> i do, i think that susan rice does not appear before the press, without barack obama and valerie jarrett saying, go ahead and do that. we want you to do that. and reason they want her to do that, i think that president is convinced and determined to nominate her for secretary of state job. lou: all this, what i consider to be utter nonse
with president obama to discuss how to avoid the fiscal cliff. ceo of goldman sachs also marissa mayer at yahoo among those expected to attend that meeting today. the housing market in focus. we get a report on new home sales from the commerce department in 10 minutes. so far this morning, wall street firmly fixated on washington. markets again on the defensive this morning after a down day yesterday. bloomberg index lower 1% down. looking for a new car? japanese automakers, honda, toy 0 tab, sue rue, mazda, mitsubishi having the best -- customer service, serviced and updates. volkswagon ranked lowest. live at the new york stock exchange, i'm jane king. >> as you plan your day when will the heaviest rainfall and the strongest wind? >> we are look ago the 8:00 to 11:00 the rain has been coming didn't mainly in the for the bay winds gusting all around the bay, live look now you will notice the skies are dark, clouds are lowering, live doppler 7 hd shows within this loop, the darker green and yellows are indicated mainly north also developing along the coast now. it is going to be a quick mover wi
. >>> president obama meets with small business owners today to promote his solution to the fiscal cliff. the deadline is now 35 days away. the president is holding more events tomorrow and friday. "new york times" reports this morning that a budget deal could reduce the tax deduction millions pay on their mortgage interest. nancy cordes is on capitol hill. good morning. >> reporter: good morning to you, charlie, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they g
to move boehner and obama forward on a fiscal cliff deal? >> crossed fingers. i hope so. short enough? >> boehner wants to keep his job as speaker so he has to deal with his caucus. and whether or not his caucus will be going -- ready to go along with a significant amount of compromise, obviously, you know, remains to be seen. >> i think politically they saw what happened 2 1/2 weeks ago. i think they'll be in a mood to compromise. >> let's go around the table, bob. start it off. what are you thankful for on this thafg day? >> i'm thankful i still have some twinkies in the house. thankful, truthfully, the economy is getting better so my daugter who just graduated from college may be able to work. >> thankful for my family. it's a family affair in my house. my husband, john liebowitz, at night he's been a cranberry sauce-making maniac. so this is for you. >> oh, thank you is so much. >> happy thanksgiving. >> liebowitz cranberry sauce. >> thankful for my family, at home and extended and a country in which we have talk about our differences. >> i'm thankful i won't go hungry this thanks
on powerball. so what can i do? >>> it is 6:26. coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all kinds of windstorms and rainstorms, they are lots of fun. >> the bay area brace for a 1-2- 3 punch from mother nature. >> maybe even more scary than the rain is the wind with this system, boy, it's going to be whipping around the bay area! >> we are looking at winds up to 45 miles an hour with gusts up to 60! >> a couple shot in a terrifying case of road rage. >> took a few minutes for those men to pull handguns on that couple and it was all caught on tape. >> outrage over uc chancellor's $50,000 rage. >> republicans and democrats say there's been little progress in talks over the "fiscal
three weeks left before the fiscal cliff, the clock is ticking for president obama and congress. >> the clerk will read the communication. >> reporter: lawmakers are back at work and under the deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house economist say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical holiday shopping season. and curb their spending well into next year. >> they think that it is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax ref
for coming on, and joe klein of "time" magazine. >>> up next, can president obama turn his voters into fighters? this will be fascinating. i found out how great the ground game was in florida. can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for the paperback edition. it's a great book of american heroism, the story of jack kennedy, who he was when he lived, who led us, and, of course, who inspired us. it's a perfect upbeat gift for yourself or someone who shares our love of history and american greatness. we'll be right back. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptom
. the president's team wants to use that energy in the current fiscal cliff debate. quote, mr. obama's aides are trying to harness the passions that returned him to the white house hoping to pressure republicans in congress to accept tax increases on the wealthy. joy reid is managing editor of thegrio.com. she's at least as smart as i am, which is not an accolade, it's a fact, and she's much younger. okay. whey found out this weekend and you know this better than i, i enjoy your report on this, the obama campaign wasn't some coupe by ia number. it was real, it was people meeting people, getting points for moum contacts you made with voters. they knew a certain number of contacts led to a probability of people voting. can you turn that machine into something that can get the right kind of deal? >> i think the president spent a year and a half developing a gigantic infrastructure that really came out on election day. and he did that -- >> human. >> through these kinds of also the campaign that brought those people out and central to that argument was that we need an economy that works for eve
the fiscal cliff. we have tracie potts with details from washington. >> reporter: today, president obama meets with small business leaders. a new white house economic report warns if tax breaks go away, the average middle class family will owe uncle sam $2,200 next year. >> middle class families should see an extension of the tax cuts. >> reporter: some republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we have been open to revenue by closing loopholes as long as it is tied to spending cuts and pro-growth tax reform that broadens base. >> you don't raise rates. you cap the amounts of eitemize deductions. >> reporter: america is borrowing too much money trying to keep social security and medicare afloat. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new
going nowhere fast, president obama is appealing to a different constituency tonight in his bid to back away from the fiscal cliff. we have fox team coverage. chief washington correspondent james rosen is at the white house to tell us about the president's return to the campaign trail sort of. but we begin with the chief congressional correspondent mike emanuel and another reason that the talk reconciliation so important. good evening, mike. >> good evening. there are strong suggestions that the nation's debt problem may be worse than $16 trillion and counting and key lawmakers are saying it's time to slash spending. >> i can cut $600 billion more out of the federal government tomorrow. nobody would know a difference except for the people employed by the programs here in washington, d.c. >> when asked by fox what he would be willing to cut, the senate majority leader didn't offer anything new. >> remember, we have already done more than $1 billion worth of cuts. we have done that. so we need to get some credit for that. and the negotiations that take place. >> 42 business organizations
that. when i win, i have a plan. >>> 39 minutes past the hour. facing the fiscal cliff, president obama courts the biggest ceos on wall street. yesterday he reached out the smallest business owners on main street. we'll talk to one of them coming up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. americ
't satisfy their priorities. in other words, they'd rather walk the country off the cliff than watch president barack obama gave on long-held liberal priorities. to call the republicans bluff on this? >> the progressives are clearly feeling their oats at this point. they are feeling good about the election but i think also obama feels like he gave away too much or was too conciliatory last time around. the last debt crisis we had made the republicans look back. it hurt their image and you can see them trying really hard this time to paint the picture as they are the reasonable ones, it's obama being unreasonable. that said, what we're probably looking at is they are going to kick this can down the road and give us a short-term resolution to get past january and then do this all again next year. >> but at the same time, jared, the public is supporting the progressives or the democrats on this. polling shows this. 72% republicans should compromise. 72% of the of the people polled. 67% want a mix of spending cuts and tax increases. 56% taxed the wealthy to help the poor. 53% unfavorable
. >> that sounds menacing. i'm sure we're going to be talking about this cliff a lot more. >>> president obama wants to nominate un ambassador susan rice for secretary of state. that's the takeaway from a highly anticipated meeting between rice and john mccain and lind sai gram. they're concerned the stanford grad misled the country. the white house says rice was not responsible for the talking points she used on the sunday news shows following the attack. the focus on her is all about washington politics. >> we are significantly troubled by many of the answers that we got and some that we didn't get, concerning evidence that was overwhelming leading up to the attack. people are more interested in talking points for a sunday show several months ago than they are finding out what happened in benghazi. >> once again, ambassador rice is considered as a possible contender for secretary of state, a position that would require senate confirmation. >>> two senate republicans have proposed their version of the dream act bill, called the achieve act. like the original dream act, this would provide thou
develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear from the experts tonight. -up ambassador -- u.n. ambassador susan rice met on a charm offensive to explain comments after the libya terror attack, where she blamed the non-existent demonstration sparked by anti-islam video. "special report" from washington starts at 6:00 eastern. now back to new york and my kriegs with "the five." ♪ ♪ ♪ ♪ >> brian: i'm going with eric to pick my own music. [ laughter ] power ball hysteria is in full force today with hours to go before tonight's historic drawing. tonight c
tweet me @wolfblitzer. >>> out front next today, president obama and speaker of the house john boehner both hint that a deal to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad ti tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those present
with president obama's vision of one of the ways to fix the fiscal cliff had to be to put new revees and to raise the tax rates of the wealthiest americans. president obama won eight out of the ten wealthiest counties in this country in this election, randi, which means even the wealthiest understand they have to put some skin in the game. so i think that going into this, i applaud senator chambliss, because that tax pledge i think should go the way of the dodo bird, because once you box yourself in, you are not leaving yourself open to some real solutions. americans want real solutions. >> well, i'm not trying to dump coal in your holiday stocking, but when you look at this spa s situation, should we really expect a lame duck congress to fix a problem that we have been staring at for years? >> the whole reason why we have this fiscal cliff looming is because they couldn't fix the problem the first time around with the debt ceiling, so they built in what was supposed to be these disciplinary measures that would force both sides to come to the table. now, what saxby chambliss is talking about, th
. danielle nottingham cbs 5. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living longer. >> republicans are signalling they're open to compromise but so far, they still oppose the president's idea to raise taxes on the wealthy. instead, republican leaders want to limit tax deductions and loopholes without an agreement. across-the-board tax hikes will take effect on january 1 without an agreement. here's a breakdown of what would happen. for households earning 20 to $40,000, the tax increase would be $1,200. for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax
and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to slowdown in the global economy and tensions over disputed islands with china. finance ministry officials released preliminary figures shortly before the financial markets opened. last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. impo
. then where does america stand on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to
're live here in redwood city, i'm brian flores, ktvu channel 2 news. >>> 7:34. president obama expected to keep pushing for his ideas on how to avoid the fiscal cliff looming ated end of the year. all this -- at the end of this year. the president wants to extend tax cuts for middle-income americans while letting them expire for those people who earn more than $250,000 a year. coming up at 7:45, whether republicans and democrats are any closer to a deal. >>> wellge the nation's lowest housing -- well, the nation's lowest housing rate is in the south bay. only 3% are vacant. that translates to just 28,000 empty properties out of almost 651,000. nationwide apartment rents are expected to go up again next year. the national association of realtors rents will go up 4.6% because demand exceed supply. in 2014/2015, rents will probably go up more than 4%. nationwide they went up 4.1% this year. but here in the bay area, they are up more than 13%. >>> it is 7:5. a crane had to be us -- it's 7:35. a crane had to be used for a sink holt. these pictures are from a -- sinkhole. these pictures are f
of americans for tax reform, talked about the so- called fiscal cliff and the upcoming tax bills in congress. he will also talk about the 2012 election and recent meetings at the white house between congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened t
% of americans according to the cnn poll believe obama and the gop should compromise to get thing off a cliff. we have to give and we see the difference ideologically, but in all kinds of tixie deductions and so on and a flat income tax increase on wealthy americans. what's the ideological difference. wealthier people pay a little more tax. >> it's not a ideological difference. what can raise the money most efficiently and effectively to create economic growth that's going to create jobs for people. one of the things i talked about during the campaign was cutting the corporate tax for manufacturing. you want to create jobs that are here in america that are going to create good-paying jobs that create things that people will consume here in it country. let's do something to get this manufacturing economy revved up and going. it's picked up a little bit with lower energy prices. we can do things in the tax code to create jobs here and get some of that wealth, invest it in manufacturing plants facilities, which are construction jobs and the manufacturing jobs after that. we had something -- we're do
republicans and president obama are getting farther apart in their efforts to keep the nation from veering off the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their
can change on and can win by changing on. >> okay, michael. let's get to fiscal cliff discussion. there are democrats who worry president obama will go too far to try to reach an agreement with republicans and we've seen labor groups out with their tv ads urging all the lawmakers to stand their ground, protect social security and medicare. do you think voters need to worry about this? >> of course. president obama has a bit of swag, shall we call it that, going into this new term. you've been overwhelmingly approved by the american people, now stand for them. represent their interests. use your bully pulpit in a way, in a positive way. president obama has reached across the aisle in such, i think, enthusiastic fashion he especially at the beginning of his first term only to have his hand barked at by and bitten by the republican reaction that was repugnant, sorry for those alliterations but the reality is there was a resistance to his agenda and his desire to reach across the aisle to work in a bipartisan fashion so now be chastened by that memory and defend those who voted for y
al-asaad. new questions about president obama's approach to the fiscal cliff negotiations. taxes are going to go up and there will be massive defense spending cuts come next year if they don't do something on capitol hill. we showed you at the top of the hour how the white house was grilled about what spending cuts are being negotiated to avoid these pending cuts we are about to get which many feel are draconian and whether the wt wants to raise them and deal with them or postpone them until the new year and what sense would that make. last night syndicated clemmist charles -- syndicated columnist charles krauthammer says the president is not serious about solving the country's fiscal problems and claims his strategy is to drive a wedge between republicans. he pointed to a lack of discussion over spending cuts as evidence. >> why would the republicans allow the entire debate to be over taxes when obama is proposing on raising the rates on the 2% is i triviality it will reduce the deficit from 1.10 trillion to 1.02 trillion. 8 cents on the dollar. it's nothing. it's lunch money. i
bernanke is pushing for a compromise on the fiscal cliff. in a speech tuesday he said if president obama and congress can resolve the crisis unemployment would go down and the economy would grow. falling oil prices and an announcement that hewlett packard is taking a $9 billion write down. the dow lost just over seven points while the nasdaq was mostly unchanged. shares of home builders rallied on news that home construction jumped in october to a four year high. construction of apartment buildings was especially strong up 10%. and it looks like hostess's twinkie is cooked. the snack maker failed to reach mediation session. on monday a bankruptcy judge asked the two sides to meet. no agreement in place the judge will decide today if the maker of ho-ho, ding dongs and wonder bread can shut down their operations. hopefully other companies will swoop in and make those treats. >> it ain't over. you can't hold the twinkie down. >> i'm not sharing. >> ashley morrison here in new york. in sports this morning the lakers get a new coach and get a win. mike d'antoni made his debut as the lakers ne
through the fact we had an election and they lost. they still think that they're going to repeal obama care and john boehner, if he seriously thinks it's up for negotiations in this fiscal cliff talks has to be crazy. out of his mind if president obama or democrats have a reason to give up on something that the american people approved. it is just not going to happen. they need to move on. >> zachary, one thing about the fiscal cliff, because there are certain rumors, whispers, that is, from senator like patty murray who says that they would be willing to see the country go off the fiscal cliff. are there benefits to watching everybody go over? >> well, look. this like the debt ceiling is a created, dramatic target date. meaning, it is true that all of these things would happen if january 1 comes and for the entirety of 2013 neither congress nor the president agrees on any changes and then the forecasts of the consequences of these -- >> the sun comes up on january 1st. right? >> it still does and then $4,000, $5,000 hit to middle class families and only true if a year passes with this
law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll have a recession. he wants clinon era tax rates, okay how about repealing obama care hillary care was reject how about cutting 500 billion from federal spend get it down to the levels how about gen rain deregulation and stabilizing the dollar. and it was almost good as gold. we can live approximate with the tax increases that are coming. and republicans should say we are not going to deal. >> woo are talk being repealing obama care. do you believe at that point honestly there is political will do do that? >> i think the republicans how to say in terms of dealing with the president. he won reelection and 230 house members won
thanksgiving holiday. at the top of its agenda resuming talks with president obama to keep the country from flu jing off the fiscal cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to app
next, with the fiscal cliff just 35 days away, congressional loerds say president obama isn't doing enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar
obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar with. >> well, now, as far as top democrats are concerned, things haven't been going so well since that november 16th kumbaya meeting at the white house. >> we had a meeting, it went very well. the problem was that was before thanksgiving after the election. and since that time, there's been little progress with the republicans, which is a disappointment to me. >> well, the market didn't exactly like what they heard there either. the dow lost nearly 90 points today. much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say mat
the fiscal cliff. folks here in washington hope there can be a turning point between republicans and democrats. after meeting with president obama before the thanksgiving holiday? >> well, i want to welcome the congressional leadership here. >> reporter: congressional leaders express optimism about reaching a deal to avoid $500 billion in increases set to take effect next year. >> we had a very constructive meeting with the president. >> we have a cornerstone to work something out. >> reporter: staffers have been working to figure something out, how to avoid taxes, and reduce spending on medicare. but it is not yet clear when the lawmakers and the president will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. so i -- i would be pleasantly surprised to see it -- a deal emerge earlier than the end of the year, but we'll see. >> reporter: and martin, even though there is not another meeting between the president and
predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and good morning - deal or no deal, scott? > > good morning angie. yeah, there is going to be a deal. it may not be later this week, it may not be next week, but i think at a minimum we are going to see congress, the president, everyone say, you know what, we are on the table together here, and even if we have to extend this three months, six months, we are going to get it done. there is no way with the recovery that we have seen - and i'm not talking about the stock market recovery, i am talking more of the consumer sentiment recovery, housing recovery - with what we have seen the last quarter of this year, there is no way that the guys in washington can harm that or add anything to take the momentum away from that. it just won't happen. > let's talk about the stock market. what levels are you watching here? > > 1390 really
part of the so-called fiscal cliff. and there's a few other tax provisions that barack obama put in place. and -- host: let's focus on the income tax cuts. what happens to those? guest: theaths they'll go away and most americans' taxes go up. for the average person, average household, it would be about $2,000 more in taxes next year. for upper income people it could be between $5,000 and $20,000. for lower income people, maybe a few hundred dollars. people would see that immediately in january because their monthly withholding taxes would be higher. their biweekly withholding taxes would be higher. so it would be an immediate effect. host: let's take a look at the existing tax brackets, what they are now, and the new tax brackets. this is a chart that shows taxable income. host: given that, how much revenue is the treasury expecteds to get if these tax cuts are not extended? guest: if none of the bush tax cuts are extended it's going to generate a huge amount of revenue. about $500 billion a year or about $4.5 trillion over the 10-year window which is what we usually discuss. so
president obama for the fiscal cliff and the six months prior to the election. >> yes. and not just congress, but republicans in congress who were inflexible, they're fighting tax raises on the rich. you would think if you watched coverage of this debate that grover norquist was single handedly stopping progress from occurring. he's not a member of congress, he does not have a constituency. he is an activist in washington. by the way, this story to some extent is over. republicans have signaled they are open to raising taxes on the rich. many of them have attacked grover norquist. but if you get a hand held calculator and a calculator action you will conclude that the rich being undertaxed is not the reason we have a debt larger than our economy. it's entitlements. medicare, medicaid and social security. and by the way, that's the debate. will we curtail entitlement spending and that is exactly the debate that is not being covered in the press. >> steve: and the reason we brought this up is because according to the research, the main stream media blaming republicans more for the problem, it'
. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >
, but susan rice coming up empty handed. and president obama talks fiscal cliff with a dozen of the country's business leaders with. innocent dolphins shot to death by humans. we're going up into the air, looking for answers. i'm wolf blitzer, and you're in the situation room. >> a second day of meetings with republican senators didn't go better than the first day for the em battled u.n. ambassador, susan rice. she has been under attack for her statements about the attack in libya. republican criticism remains sharp, and her future fb a possible nominee for secretary of state is questionable at best. dana bash is working the story for us, what happened today? >> reporter: you know, wolf, it was one thing for susan rice to get harsh criticism after yesterday's meeting with senators mccain, graham, and ayote, but it was different to hear the concern from one of the last centrist republicans in the senate. >> susan collins would be one of the most likely to throw susan rice a lifeline. it didn't happen. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was,
speaker boehner saying that he wants obama care on the table in the fiscal cliff negotiations in reality will that be on the table, obama care in. >> you know, this is a a genius move by republicans. they wanted to repeal obama care. they would have done it had mitt romney been elected and they can't do that. boehner has said repealing it entirely is a moot issue. but getting some concessions is probably the way to do it. in part because there are democrats who agree that changes should be made and even the president has said that it's not a perfect law. do the math. deduct it a little bit or make changes to republican care. you've got the workings of a grand compromise and everyone can walk away a winner by saying, look, we changed obama care, we're going to pay down the debt. who loses in that situation? certainly on the fringes people would say it's a bad deal but pretty much both parties could walk away and say we compromised and we fixed it. >> you want to write that up and send it up to the hill there? the other hot topic on "meet the press," the gaubenghazi attack t killed the amb
one of the challenges facing president obama these days. his biggest challenge here at home, finding a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes.
with talks to resolve the cliff. with no action by lawmakers and president obama, $600 billion in tax hikes and spending cuts would take effect in january. republicans and democrats at odds on calls to raise taxes on americans and cuts on programming like medicare. both sides publicly saying they're willing to compromise. >> we've got to raise additional revenues including tax rates on the wealthy. >> those have to go up. >> they have to go up either real tax rates or effective tax rates. there's ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big i
lisa argen will have the full forecast in a few minutes. >>> also, president obama turns to twitter and bay area business people are part of his push to avoid the so-called fiscal cliff. >>> new details noon deadly fire at a clothing fire in bangladesh. factory officials are -- are arrested and accused [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> a manhattan nanny has pleaded not guilty in the stabbing deaths of two children in her charge. ortega was arraigned in morning at hospital where she is being treated for self-inflicted stab counts she accused of killing a 6-year-old girl and her 2-year-old brother last month in the family's apartment. the family recently
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are progressives willing to give president obama? are they really willing to go over the fiscal cliff? >>> in addition to being thanksgiving tomorrow, it's the 49th anniversary of a moment no one my age will ever forget, dallas. get yourself a copy of my new york times best seller "jack kennedy", out in paperback and a great gift for the holidays. you're watching "hardball" a place for politics. >>> i'm amanda drury with your cnbc market wrap. the dow was up by 48 points, s&p up by three and dow added three. >>> consumer sentiment rose slightly in november but below what analysts expected. jobless claims slid by 41,000 last week but the numbers are still distorted by the effects of hurricane sandy. >>> a bankruptcy court judge granted permission for hostess brands to begin shutting down. >>> and that is it from cnbc, first in business worldwide. have a very happy thanksgiving, everybody. back to "hardball." >>> welcome back to "hardball." with a victory behind him, democrats are feeling more confident in talks with republicans about the fiscal cliff. many on the left have been vocal i
to be that way, but that requires policies, but democrats are coming up with, a big one going on obama who wants to strike a deal on the fiscal cliff and it's going to mean the left is not happy, and you guys have called him a socialist and all of this stuff, i'm telling you much more of a centrist than you think? >> obama? i think he's-- >> no, you're just so wrong about that. >> he's as far left, and he-- >> you talk about it. >> and he's worse than carter, i think he's fuelly fairly pragmatic and probably will be more so at least while this fiscal crisis is. >> the biggest adjustment the democrats will make is running against george bush, the exit polls they were blaming gb, and i can't believe he might troo try to do it again and mentioned it in the press conference. and sooner or later, they'll have to say judge us on the last eight years with obama. they don't care. >> they care. >> and he feels like he has a man tate and can do what he wants and it's all about revenge, and warm and fuzzy campaign? >> he won, you lost and-- >> i don't know, i still feel like a winner because i know what we
news of the day. here's hari sreenivasan. >> sreenivasan: president obama's top economic advisors warned today that the looming "fiscal cliff" may yet hurt holiday sales. in a new report, they said the prospect of automatic tax increases in 2013 could cause consumers to rein in spending. the report came as congress returned to work. lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning as chair of the securities and exchange commission after nearly four years. president obama has designated s.e.c. commissioner elisse walter to replace schapiro, effective december 14. in bangladesh, thousands of people protested today over a deadly fire at a fac
. >> negotiations continue with president obama and congressional leaders about the fiscal cliff. we took your phone calls this morning on "washington journal" about that. >> host: at the daily news conference at the white house, jay carney, the spokesman there was asked about liberals who are advocating going off the so-called fiscal cliff. here's what he had to say. >> rather, he spoke with speaker boehner and senator reid over the weekend. he will meet with them at the appropriate time as well as obviously nancy pelosi and mitch mcconnell. so, the process that he began is continuing. we continue to be optimistic that a balanced approach is achievable. we know what the solutions are. i think what was said in an op-ed, one benefit of all the debates we've had, negotiations and discussions over the past couple of years on this issue is we know what the parameters of a balanced solution to these challenges looks like. they include both spending cuts and revenues, and entitlement reforms. they have to have all three legs to be a part of it. >> host: jay carney yesterday at the white house when he was
to avoid the so-called fiscal cliff. obama talked about of the obama family, i want to wish everybody a very happy thanksgiving. for us, this is a day full of ta family, i want to wish everybody a very happy thanksgiving. for us, this is a day full of family and>> on behalf friends,d football. it is a date to fight the urge to take a nap, at least until after dinner. most of all, it is a time to give thanks for each other and for the bounty we enjoy in this country. that is important this year. we have just emerged from a campaign season that was passionate, noisy, and vital to our democracy. it also required us to make choices. sometimes that led us to focus on what sets us apart rather than ties us together. thanksgiving is a chance to put it all in perspective. to remember that, despite our differences, we are americans first and foremost. today we give thanks for blessings that are too rare in this world, the ability to spend time with the ones we love, to say what we want, worship as we please, note that there are men and women defending our freedom around the globe into book our
? log on to our facebook fan page and i will read the results live tonight. >> president and obama and republicans are each setting up their approach to avoid the fiscal cliff. events this week were aimed at selling his remedy including allowing higher taxes on the wealthy. republicans are claiming that he should instead be sitting down to talk more with them. >> it seems like our president is having some sort of difficulty turning off the campaign. we need to sit down and work this matter out. >> there is little progress with the republicans which is disappointing to me. i they talked some happy talk about revenues but we only have a few weeks to get something done. >> of republicans have had their own meetings. the fiscal cliff is a series of tax increases and spending cuts that economists predict could send the u.s. into a recession. former senator bob dole of kansas has been hospitalized. not many details were replaceleased. his name was mentioned on the senate floor today. dole over came disabling work injuries to perform his 26 year political career. >> hector camacho camacho
is meeting with president obama at the white house today, part of a ceo roundtable to help the president avoid the so-called fiscal cliff. if there is no deal we will all see tax hikes and government will cut spending beginning january. president obama has also called apple's ceo cook to get his input. >>> 5:17. first of a series of storms is arriving in the bay area now. >> not that we want to panic when the national weather service calls it a river of rain -- >> many terms, atmospheric river, pineapple express, we don't like those terms. it puts everybody in a panic we will get through this. live look right now from our sutro camera, wind warning along the coast. you can see heaviest cells offshore from the north coast, mendocino, sonoma, marin light rain around the bay continuing to develop. closer look from sea ranch, fort ross, highway 1, bodega bay, wet around windsor over the richmond san rafael bridge, lighter returns the blue here pinole wet weather into the east bay 680 looking at wet weather as well as milpitas and down around the south a from pescadero. wind advisory is going
the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >>
at everything that's been passed and make decisions against each of those. if obama-care is the most important policy considered its survives. if there are other things being considered it doesn't survive. that's the only way to approach cliff that's running out very quickly. rick: if there is a deal spending cuts have to be put on the table and obama-care cost a lot of money. >> that's not true. it cuts the deficit in a 10-year period and even more so over 20 years. john boehner said in his own op-ed that he tried two different ways to get rid of obama-care, going to the supreme court and in the election. they tried 33 times to repeal obama-care in the congress and failed all 33 times. the bottom line is now we have obama-care. it is the law of the lands. we need to take the off the table and focus on the bush tax cuts which american voters decided they want to keep for people under $250,000 and they want to get rid of for people making more than $250,000. rick: obama-care lowers the deficit over time and many people have seen that analysis and agree with it. but republicans have been going f
on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york tim
out a deal to avoid the fiscal cliff. obama told harry hreid talk about the fiscal cliff before a series of automatic spending cuts go in the place and the bush era tax cuts expire. they will also meet with a group of ceo's later this week. we take you to the august 2011 senate debate on raising the debt ceiling and reducing the federal deficit. comments>> i come here at thist with no real joy. what we put the american people through a lot in the last several months, we ask them to follow us a long as we discussed this idea. i say there is never joy for me to be here today. in my view, that we have failed to do either one. there are no substantial reductions in spending. there are no significant changes in the way the washington, d.c., does business. mr. president, this country need certainty. we need to raise the debt ceiling. there needs to be certainty. it would be irresponsible for us not to raise the debt ceiling, but i have said all along it would be equally as irresponsible if we raise the debt ceiling without meeting the criteria i have outlined. while we will have a dis
fiscal cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
at when's next. >>> coming up next hour, we are following several big stories. president obama takes his message on avoiding the fiscal cliff straight to the middle class. and even some business leaders. president says he's ready and willing to get the issue resolved in a bipartisan manner. speaking of bipartisanship, tomorrow the president will host mitt romney at the white house. their first face to face meeting since the election. when's the point? ambassador susan rice back on capitol hill for a second day trying to end the heated back and forth over her role in the investigation of the deadly attack on the consulate in benghazi. what republican senators are sayisa saying today. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability t
to come. >> one of the big challenges that will be facing the gop now, of course, is the fiscal cliff. the new cnn/orc poll, when asked is the gop doing enough to cooperate with obama, 70% said no, of americans, whereas when they asked if obama is doing enough to cooperate with the gop, 45% yes, 49% no. clearly the republicans are being predominantly blamed for the breakdown in bipartisanship in washington. the fiscal cliff is a classic opportunity, many would argue, to show the americans you've listened, you've changed, you're ready to do deals that are to the benefit of the american national interest. >> well, i mean, piers, look, the president's the leader of this country and he's got to lead and he's got to take control, and he's got to show the american people that he can put people together and a team together, meaning republicans and democrats, and come up with solutions but so far, piers, we don't even know what the president's plans are. he's done a good job of apparently making americans feel that that's the case, but what he hasn't done a good job is really leading with evi
're so focused and rightly so on fiscal cliff and benghazi, but immigration and what reform and what this election told us about the republicans' problems with hispanics, an important visit tomorrow. the president-elect of mexico to meet with president obama. he called him earlier in month to con the gragratulate him the victory. he will also meet with congressional leaders. the fiscal cliff is looming pending whatever words you want to use to get it done, but the new congress, republicans know immigration reform is a priority. let's see what comes out of that meeting tomorrow. i would assume the mexican president will push president obama to get it done. president obama wants to get it done. he wants to keep the sort of onus on republicans to get something done. that, i think, will focus us a little bit on immigration reform, maybe a slight move off the fiscal cliff for a few hours tomorrow. >> in fact, i think the meeting actually starts this afternoon, so i misspoke on that. they might have wanted not to it talk about the drug war, but they have this horrible assassination now of
as we get word of a major development here and talks over the so-called fiscal cliff. we'll have that in a moment. plus, ta-da, get your tickets out. tonight, the powerball jackpot hitting a record and this hour president obama getting ready to hold his first cabinet meeting since being re-elected. and keep in mind, some members of that cabinet, they will not be there for long. but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to
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